As a long time bartender I can say this: no, drinking old liquor will not kill you. It might taste different. It might no longer even contain alchohol. It will probably be discolored.
Mixing drinks at your holiday party? There's no need to replace those decades-old bottles of gin and whisky. Distilled spirits like vodka, rum, whisky, tequila and gin don't ever spoil — even after opening. The taste, color or aroma may fade over time, but it'll hardly be noticeable. Keep the bottles tightly closed and store them in a cool area away from direct heat or sunlight.
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